Internationa Flavors & Fragrances, Inc. (NYSE:IFF) – Equities research analysts at KeyCorp dropped their Q4 2017 EPS estimates for shares of Internationa Flavors & Fragrances in a report issued on Tuesday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $1.31 per share for the quarter, down from their prior forecast of $1.32. KeyCorp has a “Overweight” rating and a $156.00 price objective on the stock.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The company had revenue of $872.90 million for the quarter, compared to analyst estimates of $847.63 million. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/keycorp-weighs-in-on-internationa-flavors-fragrances-inc-s-q4-2017-earnings-iff/1697352.html.

Other analysts have also issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a $160.00 price target on shares of Internationa Flavors & Fragrances in a research report on Friday. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Thursday. UBS AG reaffirmed a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a research note on Tuesday, November 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 price objective (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $141.68.

Shares of Internationa Flavors & Fragrances (NYSE:IFF) opened at $146.77 on Friday. Internationa Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $153.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.66 and a quick ratio of 1.59. The stock has a market cap of $11,591.45, a P/E ratio of 25.70, a PEG ratio of 2.91 and a beta of 1.18.

Several institutional investors and hedge funds have recently made changes to their positions in IFF. YorkBridge Wealth Partners LLC lifted its holdings in shares of Internationa Flavors & Fragrances by 5.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 41 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Internationa Flavors & Fragrances by 30.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 245 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Internationa Flavors & Fragrances by 0.5% in the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after acquiring an additional 5 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Internationa Flavors & Fragrances by 6.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 76 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Internationa Flavors & Fragrances by 15.1% in the 2nd quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock worth $183,000 after acquiring an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

In other news, insider Nicolas Mirzayantz sold 1,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.56, for a total value of $176,865.92. Following the completion of the sale, the insider now directly owns 43,809 shares in the company, valued at approximately $6,289,220.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Winder Investment Pte Ltd acquired 700 shares of the stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of $139.32 per share, with a total value of $97,524.00. Following the completion of the acquisition, the insider now owns 10,420,193 shares in the company, valued at approximately $1,451,741,288.76. The disclosure for this purchase can be found here. In the last three months, insiders acquired 123,708 shares of company stock valued at $16,853,579 and sold 5,465 shares valued at $757,718. 0.48% of the stock is owned by insiders.

Internationa Flavors & Fragrances announced that its board has approved a share buyback plan on Wednesday, November 1st that permits the company to buyback $250.00 million in shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Earnings History and Estimates for Internationa Flavors & Fragrances (NYSE:IFF)

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